This week’s crypto roundup highlights Strategy’s continued Bitcoin buying spree, Kraken’s evolution into a multi-asset trading platform, and regulatory relief for the NFT project CyberKongz.
Strategy Continues Bitcoin Accumulation With $292M Purchase
The company previously known as Strategy has made headlines once again after announcing the purchase of 3,459 BTC, valued at approximately $292 million. This marks the third consecutive Monday the company has made a significant Bitcoin investment, demonstrating a deliberate and consistent strategy to expand its crypto reserves.
According to public records, Strategy acquired this batch at an average cost of $82,618 per Bitcoin, slightly below recent all-time highs. This latest addition brings their total holdings to 531,644 BTC, worth roughly $45.07 billion, making Strategy one of the largest single holders of Bitcoin globally.
Analysts believe these consistent buys could be part of a larger strategy to position Bitcoin as a corporate treasury reserve asset, further normalizing crypto on Wall Street. Strategy’s accumulation also reinforces Bitcoin’s role as a macro hedge in portfolios amid ongoing inflation and monetary policy uncertainty.
Kraken Introduces Stocks, ETFs, and Forex Futures to Platform
In a notable expansion, Kraken, traditionally known as a cryptocurrency exchange, has begun offering commission-free stock and ETF trading to users in several U.S. states, as well as the District of Columbia. This move indicates a significant push into the world of traditional finance, potentially transforming Kraken into a one-stop shop for both crypto and equities trading.
In addition, Kraken has also launched two perpetual futures contracts — GBP/USD and EUR/USD — on its Derivatives platform, with leverage of up to 20x. The offering gives advanced traders access to forex trading tools within a crypto-native environment, merging the worlds of decentralized finance and traditional market assets.
Kraken’s diversification strategy aligns with a broader trend among major exchanges looking to bridge the gap between crypto and traditional assets as regulatory frameworks evolve.
CyberKongz Cleared as SEC Closes Investigation
On Tuesday, the NFT project CyberKongz took to X to announce that the Securities and Exchange Commission (SEC) has officially closed its investigation into the project. The SEC’s inquiry, which had previously cast a cloud over the project’s future, was dropped with no charges or enforcement actions.
In response to the regulatory clearance, the CyberKongz team revealed that a project rebrand is in the works — signaling a fresh chapter for the long-standing NFT community.
The closure of the SEC’s case could represent a broader shift in regulatory scrutiny toward more high-profile or risky DeFi cases, while giving established NFT projects like CyberKongz a green light to innovate under clearer guidelines.
